Iran to keep exporting crude oil despite US pressure: President Rouhani
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Iran will continue to export oil despite US pressure aimed at reducing the nation's crude oil shipments to zero, Iranian President Hassan Rouhani said in a speech broadcast live on Iranian state TV on Tuesday.
"America's decision that Iran's oil exports must reach zero is a wrong and mistaken decision, and we won't let this decision be executed and operational," Rouhani said.
"In future months, the Americans themselves will see that we will continue our oil exports," he said.
If the United States is able to stop one method for Iran to export oil, then it will find other ways, Rouhani said.
Oil prices hit their highest since November last week after Washington said all waivers for sanctions-hit Iranian oil would end this week, pressuring importers to stop buying from Tehran and further tightening global supply.
Read: Trump to sanction allies over Iran oil, causing new friction
The United States demanded last Monday that buyers of Iranian oil stop purchases by May 1 or face sanctions, ending six months of waivers that had allowed Iran's eight biggest customers, most of them in Asia, to continue importing limited volumes.
Ordinary Iranians are the ones who feel the pressure from US sanctions, Rouhani said.
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On DawnNews
Comments (38) Closed
Apr 30, 2019 12:09pm
Pakistan should buy crude oil from brotherly country Iran.
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Apr 30, 2019 12:20pm
They could also work on a re-export model, where they sell oil at a discount to China and Russia, and then these countries resell it to whoever wants to buy it. So, Pakistan and India can buy Iranian oil through China and Russia respectively. Iran will really need to give double-digit discount for this to work.
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Apr 30, 2019 12:33pm
Problems of a uni-polar world - though it is shifting into multi-polar world, but we see why it is wrong.
Godwin Russels
Canada
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Apr 30, 2019 12:34pm
US to share the impact of oil prices .
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Apr 30, 2019 12:35pm
The sanctions have taken on a toll on Iran's citizens and I hope the government is able to export crude oil as it desires. However, everyone should start thinking about how to support their economies once we transition to renewable sources of energy.
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Apr 30, 2019 12:37pm
Only India can help Iran at this hour of crises, as was done in the past, but India had very bitter experience of past. Last time when all sanctions were removed, Iran back stab India by leasing Oil Wells to China. This time India will move ahead with caution.
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Apr 30, 2019 12:52pm
It will be good idea if iran supply crude oil to pakistan free of charge as Iranian crude oil has embargo so it's no use and Pakistan needs oil due to no money in account. In return Pakistan send onions potatoes rice etc.
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Apr 30, 2019 01:11pm
@M. Emad, they have never sided with Pakistan on anything. Would love to see a supportive Iran, so we can reciprocate.
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Apr 30, 2019 01:11pm
Iran is hurting it's public
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Apr 30, 2019 01:13pm
@M. Emad, and what saudi will think?
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Apr 30, 2019 01:22pm
@M. Emad, And burden the already bankrupt Forex reserves which is trying to survive on an IMF bailout. What kind of solution is that.
Pakistan will never risk buying from Iran.
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Apr 30, 2019 01:22pm
Pakistan shouldnt buy as iran always chooses india and tries to apply pressure on pakistan. Iran should whole heartedly support pakistan, stop cross boarder violence, stop indian terrorists using its soil, stop adbucting children in tankers from pakistan, then maybe pakistan should think about buying.
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Apr 30, 2019 01:22pm
Economic terrorism by USA
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Apr 30, 2019 01:24pm
Good decision, let's see what steps US will take next! Will Trump order to attack Iran or back off as he did in North Korea's case. (Main hu Awam ki Awaz).
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Apr 30, 2019 01:40pm
Keep exporting to India. Other than that no one will buy
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Apr 30, 2019 01:42pm
A country is hell-bent to stop the sources of earnings of another country. What is the logic or common sense? Iran will have no choice but to retaliate with maximum force.
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Apr 30, 2019 01:42pm
@Om, didn't you want to ask what will China think?
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Apr 30, 2019 01:44pm
@M. Emad, solid pro India, anti Pakistan troll comment. We all know what you are.
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Apr 30, 2019 01:44pm
@Om, who cares!
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Apr 30, 2019 01:44pm
@Om, one Indian troll asking a colleague, how convenient. You are both trolls.
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Apr 30, 2019 01:46pm
Good.
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Apr 30, 2019 01:52pm
@M. Emad, India should buy, you have been making promises to Iran abiut Chabahar for 15 years, they are your brothers, you should buy cheap, sweet oil and reexport.
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Apr 30, 2019 02:11pm
Mr. Rouhani, its about time you work on extending democracy in your country and liberalizing your education and economy, this over dependence on one thing is dangerous.
Iranian people are talented and entrepreneurial. Unfortunately, the leadership has constrained them. Forget you have oil and gas for a moment, and focus on the great entrepreneurial qualities of your young population.
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Apr 30, 2019 02:29pm
Just half the price of your oil compare to international rate and everyone will buy without thinking of US ban
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Apr 30, 2019 02:30pm
@aslam khan, Wellsaid....
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Apr 30, 2019 02:32pm
Lets see what India will do.
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Apr 30, 2019 02:36pm
@M. Emad, there is already Irani smuggled oil business is in full swing between Pakistan, Afghanistan and Iran borders.
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Apr 30, 2019 02:54pm
India should continue buying Iranian oil and challenge US to apply its sanctions on India and lose the important new ally.
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Apr 30, 2019 03:21pm
Iran to keep exporting crude oil despite US pressure. Is there another option?
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Apr 30, 2019 03:24pm
@Newborn, .... Russia is one of the world's largest oil producers. They sell oil. They don't buy oil.
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Apr 30, 2019 03:25pm
Pakistan should buy oil from Iran at half price and hell with sanctions. They already imposed war on us from all axis, terrorism, financial, extortion, extremism, threats, 5th generation warfare, etc. I say hell with sanctions. China, Russia, Pakistan, Iran, Turkey, Sri Lanka should from a military alliance block like nato.
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Apr 30, 2019 03:26pm
@Newborn, If China and Russia wouldn't care to save their own interests, then Iran would have nothing to worry about. But, unfortunately US can put indirect sanctions on Russians and Chinese companies who defy the ban by stopping them from doing business with US companies. Hence, the reluctance of other countries to help Iran!
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Apr 30, 2019 04:26pm
What about the Iran Pakistan gas pipeline, it was raised in PM trip to ran and now ?. Was it again all just talk and no action. Pakistan needs a cheap source of energy, but for that, one needs to take a stand !. and not just do lip service.
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Apr 30, 2019 04:28pm
@Ali Sabir, are being sarcastic!
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Apr 30, 2019 06:20pm
@Aliaa Baig,
You are being naive. The US financial power can destroy the Pak. economy in no time. A cut off from dollar mechanism and turning the screws with IMF and International Banking system would doomed our economy. Be realistic!
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Apr 30, 2019 09:28pm
@nasir, you have too many issues with Iran!
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Apr 30, 2019 09:37pm
@Aliaa Baig, don’t drag Sri Lanka in this and you should know Turkey is already a member of NATO!
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May 01, 2019 06:59pm
Based on the centuries old economic principle of "supply and demand" the Islamic Republic of Iran has got the inalienable right to sell its products and services to any and all customers or clients in today's globalized world, irrespective of who they are, which country they belong to, what gender they have or what the color of their skin is?
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